Heterogeneous inflation expectations and learning

Preprint OPEN
Madeira, Carlos; Zafar, Basit;
  • Subject: inflation expectations; imperfect information; heterogeneous expectations; learning; sticky information
    • jel: jel:E31 | jel:C53 | jel:C81 | jel:E37 | jel:D84 | jel:D83

Using the panel component of the Michigan Survey of Consumers, we estimate a learning model of inflation expectations, allowing for heterogeneous use of both private information and lifetime inflation experience. “Life-experience inflation” has a significant impact on i... View more
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    24 references, page 1 of 3

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